Globalisation and Falling Inequality

The Economist discusses a lecture by Stanley Fischer (ex-MIT,IMF and now with Citigroup) and summarises that “if you consider people, not countries, global inequality is falling rapidly.” One of the reasons: “Two of the poorest countries in the worldChina and Indiahave both (a) enormous populations and (b) rapid growth in incomes per head in the years in question.”

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.